t LMW®

LAKSHMI MACHINE WORKS LIMITED

BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street, MUMBAI-400 001

National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1, Block-G, Bandra Kurla Complex Bandra(E) MUMBAI - 400 051.

Dear Sirs,

Our Ref: Se.c/270/2020 Date : 26.10.2020

Sub: Compliance of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of Regulation-30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the un-audited Financial Results (standalone and consolidated) including segment wise results of the Company for the quarter and half-year ended 30th Se.ptember, 2020. The results were reviewed by the Audit Committee of the Board of Directors and approved by the Board of Directors at their respective meetings held today the 26th October, 2020. Arrangements have been made to publish these results in .daily newspapers Business Line (English) and Dina Malar (Tamil) on 27th October, 2020.

Statutory Auditors of the Company have carried out a limited review of the said results and a copy of the limited review report is also enclosed.

The meeting of the Board of Directors commenced at 03.30 PM and concluded at 04.35 PM.

Thanking you,

Yours faithfully,

For LAKSHMI MACHINE WORKS LIMITED

C R SHIVKUM~RAN COMPANY SECRETARY

cc : BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring Rotunda Building, P.J.Towers, Dalal Street, MUMBAI - 400 001.

CORPORATE OFFICE : 34-A, Kamaraj Road, Coimbatore - 641 018

Phone: 2221680 to 682, 3028100 Fax: 0422-2220912 www.lakshmimach.com REGISTERED OFFICE: Perianaickenpalayam, Coimbatore - 641 020, CIN-L29269TZ 1962PLC000463.

,, t LMW®

LAKSHMI MACHINE WORKS LIMITED

CEO & CFO CERTIFICATE

To The Board of Directors Lakshmi Machine Works Limited Coimbatore

CERTIFICATE OF CORRECTNESS OF FINANCIAL RESULTS

As per the first proviso to Regulation-33(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby certify that the financial results of the Company for the quarter ended 30th September, 2020 placed before the meeting do not contain any false or misleading statements or figures and do not omit any material fact which may make the statements or figures contained therein misleading.

i))JJI It' o,,I ~ (£,c -:-;-

V SENTHIL SA AY JAYA ARTHANAVELU Chief Financial Officer Cha an and anaging Director

CORPORATE OFFICE: 34-A, Kamaraj Road, Coimbatore· 641 018

Phone: 2221680 to 682, 3028100 Fax: 0422-2220912 www.lakshmimach.com REGISTERED OFFICE: Perianaickenpalayam, Coimbatore - 641 020, CIN-L29269TZ 1962PLC000463.

S. KRISHNAMOORTHY & CO. ' Kanapat hy Tow ers' Ill Floor No. 1391 /A-1, Sathy Road Ganapathy , Coimbatore 641 006 Phone : 0422 40 39900

Chartered Accountants

PARTNERS E-mail : skmcoca@skmcoca.com

K.N. SREEDHARAN F.C.A.

K. RAGHU F.C.A., A.C.S

B. KRISHNAMOORTHI F.C.A.

V. INDIRA F.C.A.

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review report to The Board of Directors Lakshmi Machine Works Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Lakshmi Machine Works Limited ("the Company") for the quarter ended September 30,2020 and year to date from April 01 , 2020 to September 30,2020 ("the Statement") attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

2. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors and prepared in accordance with recognition and measurement principles laid down Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 as amended. Our responsibility is to issue a report on these financial statements based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the aforesaid Indian Accounting Standard (Ind AS) specified under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Coimbatore Date: 26.10.2020

For S.KRISHNAMOORTHY & CO. Char iered Accountants

~ K .RAGHU

Membership No.11178

CHARTER~BrX1ccouNTANTS

UDIN:2001111 g A-AAAEP3 g~ 4-

89 LAKSHMI MACHINE WORKS UMITl:D

Regd. Office: SRK Vldyalaya Post, Perianalclcenpalayam, Colmbatore-641020

Phone : 0422- 719ZZSS; website : www.lmwglobal.com; E M all: secretartal l!!'lmw.co.ln

CIN: U926!1rZ1962Pl C000463

• Statement of Standalone Unaudited fln~ndal resutts for t he quarter and period ended 30th September 2020 (' In lakhi except EPS

QUARTER ENDED PERIOD ENDED YEAR ENDED SLNO PARTICULARS

,v.u:, .•••• fW,W,.tU.DJ I 30-09.2019 I 30.09.20201 30.09.2019 31.v3., v«

unaudited {AUOlt ..

I Revenue from operations 37,929A3 17,052.26 41,141.05 54,981.69 86,372.58 1,5 7,009.84 II Other Income 1,549.30 1,869.24 2,408A8 3,418.54 4,529.09 9,363.32

rrotal Income from operations 39,478.73 18,921.50 43,549.53 58,400.23 90,501.67 1,66,373.16

Ill Expenses la- Cost of Materia 1 Cons.umed 22,684.26 7,834.81 24,232.29 30,519.07 50,751.90 92,513.04 b, Purchase of Stock-in-trade

c. Changes in Inventories of finished goods, work-in-progress and stock •In-trade 234.37 2,236.31 710.31 2,470.68 1,203.91 1,290.15 d. Employee beoefit.s eKpense 4,957AO 4,327.90 5,790.85 9,285.30 11,519.80 23,063.92 e. Finance Co.$ts lA4 0.03 11.07 I A7 32.05 41.GS

'· Oepreclatfon and Amortisation expen.se 1,290.84 1,269.66 1,282.77 2,560.50 2,515.83 5,025.90 g, other Expenses 8,684.69 5,318.01 9,291.00 14,002.70 20,578.89 37,788.08 ll'otal Expenses 37,853.00 20,936.72 U,318.29 58,839.72 86,602.38 1 ,59,722.74

IV Profit before excepHonal Items and tax 1,625.73 (2,065.22) 2,231.24 (439.49) 4,299.29 6,650.42

V Exceptional Items 667.98 232.57 900.55 209.76

VJ roftt from Ordinary adlvltles before tP 957.75 (2,297.79) 2,231.24 (1,340.04) 4,299.29 6,440.66

VII Tax Expense 164.96 {380A9) 488.27 (215.53) 1,150.05 1,940.90

VIII Net Profit from Ordinary activities after tax 792.79 {1,917.30) 1,742.97 (1,124.51) 3,149.24 4,499.76

IX Other Comprellenslve Jncome(After Tax) a. Items that wlll not be reclassified to profit or loss 1,058.39 886.45 (51.62) 1,944.84 (492.06) (3,396.78) b. Items that will be redassifaed to profit or loss

X rrotal Comprehensive Income for the perlod(Comprlslng Profit lo, the period) (after tax) 1,851.18 (1,030.85) 1,691.35 820.33 2,657.18 1,102.98 land Other Comprehensive Income (after tax)

Xl Pald•up Equity Share C.apital (Face Value, 10/· each) 1,068.30 1,068.30 1,068.30 1,068.30 1,068.30 1,068.30 Xll Reserves Excluding Revaluation Reserves as per Balance Sheet of previous accounting year 1,64,563.14

Xl ll Earnings Per Share (EPS)(of ~ 10 ea<h)

- Basic 7.42 117.95) 16.32 (10.53) 29.48 42.12 - Diluted 7A2 (17.95) 16.32 (10.53) 29A8 42.12

90 LAKSHMI MACHINE WORKS LIMITED

seamen! Wise Revenoe, Results and capital employed for the qoarter and period ended 30th 5eplember, 2020

\ ('Cin lakhs)

SL.NO PARTICULARS QUARTER ENDED PERIOD ENDED YEAR ENDED

;J\J.U!;f.L l,j'LY i>U,UO,<v•v I w .u,,w., I 30.09.20201 30.09.2019 "'·=~•·· 1 Segment Revenue Unaudited ,-.. =,

a)Textlle Machinery Division 27,288.12 13,780.21 31,1>9.98 41,06833 64,948.15 1,18,980.6' b) Machine Tool & Foundry Olvlslon 10,688.30 3,171.58 10,476.53 13,859.88 22,063.35 40,155.71 ) Advanced Technology Centre 905A8 592.92 873.65 l,498AO 1,628.33 3,325.6! otal 38,881.90 17,!>44.71 42,510.16 56,426.61 88,639.83 1,62,462.IJ\ less: Inter-segment revenue 695.59 390.66 781.71 1,086.25 1,331.72 3,231.13

Net Sales/Income from Operations 38,186.31 17,154.05 41,728..45 55,340.36 87,308.11 1,59,230.87 2 .:H!Vrnent Results

(Profit before Interest & tax) a)Textile Machinery DMslon (571.09) (1,193.20) 257.15 (1,764.29) 753.90 936.6E b} Machine Tool & f oundry Division 534.89 (1,308.96) 837.38 (774.07) 2,036.80 2,785.9E c-) Adwnced Technology Centre {641.18) (578.91) (267.74) (1,220.09) {709.61) (1,643.25 otal (677.38) (3,081.07) 826.7! (3,758.45) 2,081.09 2,079.3 dd : Other un-allocable ill(0~ net of Unilllocable expenditure 1,635.13 783.28 l,404A5 2,418Al 2,218.20 4,361.29 otal Profit Before Tax 957.75 (2,297.79) 2,231.2~ {1,340.04) 4,299.29 6,440.66

3 -.nnfflt A!sets a)Textlle Machinery Division 1,28,072.90 1,33,2SS.24 1,42,727.02 1,28,072 .90 l,42,727.02 1,38,721.81 b) Machine Tool & Foundry Division 66,631.15 66,112.03 65,822.44 66,631.15 65,822.44 66,82451 ) Adva need Technology Centre 2,795.52 2,891.05 3,060.11 2,795.52 3,060.11 3,146.2

d) Unallocated 29,90537 26,789.99 26,095.61 29,9053 7 26,095.61 25,486.9 otal 2,27,404.94 2,29,048.31 2,37,705.18 2,27,404.94 2,37,705.18 2,34,179.62

4 setment Uabllltles a)Textile Machinery Division 50,474.10 53,187.90 58,492.12 50,474·.10 58,492.12 56,816A b) Machine Tool & Foundry Dlvlsion 9,087.38 9,499.74 10,83751 9,08738 10,837.51 9,368.01 c) Advanced Technok,gy Centre 1,092.93 934.12 1,108.27 1,092.93 1,108.27 n6.7c ~) Unallocated 1,356.85 1,206.44 81.64 113S6.85 81.64 1,586.9,

ll'Olal 62,011.26 64,828.20 70,519,54 62,011.26 70,519~ 68,548,18

91

LAKSHMI MACHINE WORKS LIMITED

I Standalone Balance Sheet as at 30th September, 2020

Rs. Lakhs Standalone

Particulars Asa As at

30.09.202(] 31.03.2020 Unaudited Audited

ASSETS Non-current assets Property, Plant and Equipment 64,354.21 64,878.06

Capital work-in-progress 2,315.44 2,981.43

Other Intangible assets 1,538.60 1,542.96

Financial Assets (i) Investments a) Investments in subsidiaries 6,513.67 6,513.67

b) Other invest ments 6,635.50 4,735.76

(ii) Other financial assets 43,884.71 27,192.22

Total Non • Current Assets 1,25,242.13 1,07,844.10

Current assets Invent ories 20,392.64 27,416.26

Financial Assets (i) Investments 11,159.88 8,860.07

(ii) Trade receivables 9,903.15 11,932.29

(iii) Cash and cas_h equivalents 5,753.80 · 3,147.61

(iv) Bank balances other t han (iii) above 44,254.84 58,754.18

(v) Other financial assets 1,629.71 5,269.08

Current Tax Assets (Net ) 5,596.32 5,292.10

Other current asset s 3,472.47 - 5,663.93

Total Current Assets 1,02,162.81 1,26,335.52

Total Assets 2,27,404.94 2,34,179.62

EQUITY AND LIABILITIES Equity Equity Share capital 1,068.30 1,068.30

Other Equity 1,64,325.38 1,64,563.14

Equity attributable to owners of the Company 1,6S,393.68 1,6S,631.44

Total equity 1,6S,393.68 1,6S,631.44

LIABILITIES Non-current liabilities Deferred tax liabilit ies (Net) 1,270.56 1,485.57

Other non-current liabilities 7,335.42 6,806.33

Total Non • Current Liabilities 8,605.98 8,291.90

Current liabilities Financial Liabilities

(i) Trade payables 25,826.91 34,069.71

(ii) Other financial liabilities 8,181.66 5,440.01

Provisions 1,256.67 1,162.35

Other current liabilities 18,140.04 19,584.21

Total Current Liabilities 53,405.28 60,256.28

Total Liabilities 62,011.26 68,548.UI

Total Equity and Liabilities 2,27,404.94 2,34,179.62

92

lAKSHMI MACHINE WORKS LIMITED

Cash Flow Statement for the period ended 30th September 2020

' {All amounts in INR lakhs, unless otherwise stated)

Standalone

PARTICULARS Period ended 30th September Period ended 30th

2020 September 2019

A. CASH FlOW FROM OPERATING ACTIVITIES

Profit after exceptional items but before tax (1,340.04) 4,299.29

(VRS Expenses of " 900.55 Lakhs{P.Y."209. 76 Lakhs)

Adjustments for :

Depreclation and an1ortisation expense 2,560.50 2,515.83

Finance costs 1.47 32.05 Profit on sale of assets (249.63) (522.55)

Loss on sale of assets 0.31 0.47

Interest income (2,634.71) (3,316.15)

Dividend i.ncome (6.94) (14.35)

Income From Mutual Funds designated at FVTPL (372.90) (117.27)

Unrealised Loss/ (Gain) on Foreign Currency Cash and cash equivalents (0.62) (702.52) 0.69 {1,421.28)

Operating Profit before working capital changes (2,042.56) 2,878.01 Adjustments for {Increase) / decrease In operating assets Trade receivables 2,029.14 5,084.12

Inventories 7,023.62 2,576.15 Other financial assets-Non Current 307.51 821.34 Other financial assets- Current 3,639.37 1,587.06

Other Current assets 1,779.01 434.62

Adjustments for increase / (decrease) In operating llabllltles Trade payables {8,242.68) (2,269.59)

Other non current liabilities 529.09 164.67 Current provisions 94.32 55.88 Other financial liabilities 2,741.65 528.52

Ot her current liabilities (1,444.13) 8,456.90 (1,581.35) 7,401.42

Cash used In/ generated from operations 6,414.34 10,279.43

Taxes paid (304.38) (2,382.25)

Net Cash used In/generated from operations (Al 6,109.96 7,897.18

B. CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed assets/Capital Work In Progress (1,066.69) (4,367.74)

Proceeds from sale of fixed assets 418.20 326.27

Interest received 2,634.71 2,789.30 Dividend received ' 6.94 14.35

Invest ment in Mut ual f unds and Debentures(net ) (1,926.91) (2,860.23)

(lncrease)/Decrease in Bank balances not considered as cash and cash equivalent (2,500.66) (1,120.00)

Net cash used in investing activities [BJ (2,434.41) (5,218.05)

93

Standalone

PARTICULARS Period ended 30th Septembe1 Period ended 3oth

\ 2020 September 2019

C. CASHFLOW FROM FINANCING ACTIVITIES

Dividends paid (1,068.30) (3,739.05) Corporate dividend taxes paid - (768.75) Finance cost (1.47) (32.05) Net cash used In financing activities [CJ (1,069.77) (4,539,85)

Net Increase in cash and cash equivalents (A+B+C) 2,605.78 (1,860.72)

Cash and cash equivalents at beginning of the period - D 3,147.40 6,079.65

Cash and cash equivalents at end of the period - E 5,753.18 · 4,218.93

Net increase/ (decrease) in cash and cash equivalents (E-D) 2,605.78 (1,860.72)

Cash & cash equivalents as per Balance Sheet 5,753.80 4,218.24 Unrealised Loss/ (Gain) on Foreign Currency Cash and cash equivalents (0.62) 0.69

Cash and Cash equivalents as per cash flow Statement 5,753.18 4,218.93

S. KRISHNAMOORTHY & CO. ' Kanapathy Towers' Ill Floor No. 1391 /A-1 , Sathy Road Ganapathy, Coimbatore 64 1 006 Phone : 0422 4039900

• Chartered Accountants

· PARTNERS E-mail : skmcoca@skmcoca.com

K.~ . SREEDHARAN F.C.A.

K. RAGHU F.C.A., A.C.S

B. KRISHNAMOORTHI F.C.A.

V. INDIRA F.C.A.

Independent Auditor's Review Report on the Consolidated Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review report to The Board of Directors Lakshmi Machine Works Limited

1 . We have reviewed the accompanying statement of unaudited consolidated financial results of Lakshmi Machine Works Limited ("the Parent") and its subsidiary (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended September 30,2020 and for the period from April 01 2020 to September 30 2020 ("the Statement") attached herewith being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Discfosure Requirements) Regulations, 2015, as amended (''the Listing Regulations").

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" r ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

. .. 2

-:2:-

4. The Statement includes the results of the following entities:

i) Parent Company: Lakshmi Machine Works Limited

ii) Subsidiary: LMW Textile Machinery (Suzhou) Company Ltd

5. Based on our review conducted and procedures performed as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the . SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. The consolidated unaudited financial results include the interim financial results ·of one subsidiary which have not been reviewed/audited by their auditors, whose interim financial results reflect total revenue of Rs. 2216.04 lakhs, total net loss after tax of Rs. 346.54 lakhs and cash flows (net increase) of Rs. 90.29 lakhs for the period ended 30.09.2020 as considered in the consolidated unaudited interim financial results. These unaudited financial results· and other unaudited financial information have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiary is based solely on such unaudited financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

Place: Coimbatore Date: 26.10.2020

For S.KRfSHNAMOORTHY & CO. Chartered Accountants

(c_fJ--K.RAGHU

Membership No.11178

CHARTEREOr~COUNTANTS UDIN: 2.0011 I 1 g AAAA EQ4-1..01t

95 LAKSHMI MAOllNE WORKS LIMITED Regd. Office: SRK Vldyalaya Post, Perlanald<enpalayam, Colmbator""641020 Phone : 0422- 7192255; website: www.lmwgfobal.com ; E Mall : secretarlal@lmw.co.ln ON: L.29Z69nlS6lPlC000463

!Statement of co11solldated u naudtted flntncJal results for the quarter and period ended 30th September 20.20 (' In lakhs except EPSJ

I

SL.NO PARTIOJLARS QUARTER ENDED I PERIOD ENDED YEAR ENDED

"'·""·--• =·=- - "'·"'·-~· ~v,va, ,&.V,&.VJ ,u.U> .. v~ ,1.u,.--u n,udfted ---•~

I Revenue from opttations 39,634.10 16,877.65 40933.83 56,Slt.75 86,811.74 1,57,449.82 II Ot.M:r lncomt'!: 1,533.04 1,878.52 2385.95 3,411.56 4,563.09 9,399.91

lfotal Income 11'om operations 41,167.14 18,756,17 '3,319.78 59,923.31 91,374.83 1,66,849,73

Ill E,q>enses a. Cost of Materf41I Consumed 23,599.90 7,739.85 24378.57 31,339.75 51,275.12 92,462.17 b. Purchas.e of Stod::-ln-trade c. Changes In Inventories. of finished goods, work~n-progress and stock •In-trade 512.72 2,037.57 226.25 2,550.29 934 .81 1,564.74 d. Emplovee benefits expense 5,161.73 4,478.45 6029.18 9,640.18 12,013.52 23,971.36 e. Finance Costs 1.44 0.03 10.90 1.47 50.71 60.53 ,. Depredation and Amortisation' expe-n.se 1,395.06 1,381.27 1410.94 2,776.33 2,778.81: 5,525.84

other Expenses 8,972.66 5A28.67 9409.57 14/40L33 20,908.lC 38,337.01 otal Expenses 39,643.51 21,065.84 41,465.41 60,709.35 87,961.34 1,61,921.65

IV Ptofit befote exceptional Items and tax 1,523.63 (2,309.67) 1,854.37 (786.041 3,413.49 4,928.08

V Exceptional Items 667.98 232.57 900.55 209.76

VI Profit from Ordinary activities before tax SSS.65 (2,542.24) 1,854.37 (1,686.59) 3,413.4 9 4,718.32

VII Tax Expense 164.96 (380.49) 63B.27 (21553) 1,150.05 1,940.90

VIII Net Proftt from Ordinary activities after t.Jx 690,69 (2,161.75) 1,216.10 (1,471.06) 2,263.44 2.777A2

IX Other Comprehens.fve lncome(After Tax}

a. Items that will not be recl.1m ffied to profit or lo~ 1,058.39 886.45 (51.6 2) 1,944.84 [492.06) (3,396.78) b. Items that wfll be ,.eclauitled t o proflt o r lo~ -

-X rrotal comprehe11sfve lneome for the period(Comprtslng Profit for the period) (after tax) ■nd 1,749.08 (1,275.30) 1,164.48 473.78 1,771.38 (619.36)

Other Comprehensive Income (after tax)

Xl Patd-up Equity Share capita l (Face Value, 10/-each) 1,068.30 1,068.30 1,068.30 -1,068.30 1,0 68.30 1,068.30 Xll R6erves Excluding Revaluation Reserves as per Balance Sheet of previous. accounting:yea:r

1,64,967.30

X111 Earnings Per Share (EPS}(of "- 10 each) -Basic 6.47 (20.24) 11.39 [13 .77) 21.19 26.00 -D!lute<f 6.47 {20.24) 11.39 (13.771 21.19 26.00

96 LAKSHMI MACHINE WORKS LIMITED Consol !dated Segment Wise Revenue, Resulu and C.pltal employed for the quarter and period ended 30th September, 2020

\ (~ In lakhs)

SL.NO PARTICULARS QUARTER ENDED P£JIIODENDED Y£AR ENDED

30.09.w ,ul ou.uo.LULUJ ,:tU. 1,1;11 .... v .. .,1 30.09.2020 1 30.09.2019 .;,.1,.u;,.,u,u

1 Segment Rewnue Unaudited lAUdlted:

a)Textlle Machinery Division 28,983.53 13,614.86 30,891.78 42,598.39 65,385.11 1,19,447.42 b) Machine Tool & Foundry Dfvis!on 10,688.30 3,171.58 10,476.53 13,859.88 22,063.35 40,1S5.71 c) Adv a need Technology Centre 905.48 592.92 873.65 1,498.40 1,628.33 3,325.65 !Total 40,577.31 17,379.36 42,241.96 57,956.67 89,076.79 1,62,928. 78 l e$$: lnter·segment revenue 695.59 390.66 781.71 1,086.25 1,331.72 3,231.13 Net sales/Income from Operations 39,881.72 16,988.70 41,460.25 S6,870.42 87,745.07 1,59,697.65

2 Segment Results (Profit before Interest & tax)

a)Textile Machinery Divisfon (673.DS) (1,437.66) (139.26) (2,110.71) (1S1.44) (810.66) b) Machine Tool & Foundry Division 534.89 (1,308.96) 83738 (774.07) 2,036.80 2,785.96 c) Adv a need Technology Centre (641.18) (578.91) (267.74) {1,220.09) (709.61) (1,643.25) !Total (779.34) (3,325.53) 430.38 (4,104.87) 1,175.75 332.05 Add : Other un-allocable income net of Unallocable expenditure 1,634.99 783.29 1,423.99 2,418.28 2,237.74 4,386.27 !Total Profit Before Tax 855.65 (2,542.24) 1,854.37 (1,686.59) 3,413.49 4,718.32

3 Segment Assets a)Textile Machlnl!!!ry Dlvis[on 1,36,199.16 1,40,612.72 1,50,481.59 1,36,199.16 1,50,481.59 1,45,668.30 b) Machine Tool & Foundry Division 66,631.lS 66,112.03 65,822.44 66,631.lS 65,822.44 66,824.56 c) Advanced Technolosv Centre 2,795.52 2,891.05 3,060.11 2,795.52 3,060.11 3,146.27

Id) Unallocated 23,391.70 20,276.32 19,581.94 23,391.70 19,581.94 18,973.24 !Total 2,29,017.53 2,29,892.12 2,38,946.08 2,29,017.53 2,38,946.08 2,34,612.37

4 Sesment UablliUes a)Texti!e Machinery Division 51,441.92 53,872.05 58,672.54 51,441.92 58,672.54 56,845.06 b) Machine Tocl & Foundry Division 9,087.38 9,499.74 10,837.51 9,087.38 10,837.51 9,368.08 c) Advanced Technology Centre 1,092.93 934.12 1,108.27 1,092.93 1,108.27 776.70 d) Unallocated 1,356.85 l,206A4 81.64 1,356.85 81.64 1,586.93 !Total 62,979.08 65,512.35 70,699.96 62,979.08 70,699.96 68,576.77

97

LAKSHMI MACHINE WORKS LIMITED , Consolidated Balance Sheet as at 30th September, 2020

' Rs. Lakhs Consolidated

Particulars As at 30.09.2020 As at 31.03.2020

Unaudited Audited

ASSETS Non-current assets Property, Plant and Equipment 68,827.12 69,530.17

Capital work-in-progress 2,315.44 2,981.43

Other Intangible assets 2,063.31 1,542.96

Financial Assets (i) Investments 6,635.50 4,735.76

a) Other investments Other financia l assets 43,884.71 27,192.22

Total Non - Current Assets 1,23,726.08 1,05,982.54

Current assets Inventories 21,612.70 28,849.08

Financial Assets (i) Invest ments 11,159.88 8,860.07

(ii) Trade receivables 9,600.75 10,741.78 (iii) Cash and cash equivalents 7,771.96 .5,075.48

(iv) Bank balances other than (iii) above 44,254.84 58,754.18

(v) Other financial assets 1,822.53 5,269.08

Current Tax Assets {Net) 5,596.32 5,292.10

Other current assets 3,472.47 5,788.06

Total Current Assets 1,05,291.45 1,28,629.83

Total Assets 2,29,017.53 2,34,612.37

EQUITY AND LIABILITIES Equity Equity Share capital 1,068.30 1,068.30

Other Equity 1,64,970.15 1,64,967 .30

Equity attributable to owners of the Company 1,66,038.45 1,66,035.60

Total equity 1,66,038.45 1,66,03S.60

LIABILITIES Non-current liabilities Deferred tax liabilities (Net) 1,270.56 1;485.57

Other non-current liabilities 8,605.98 6,806.33

Total Non - Current Liabilities 9,876.54 8,291.90

Current liabilities Financial Liabilities

(i) Trade payables 25,931.09 33,257.25

(ii) Other finc111cial liabilities 8,181.66 5,964.29

Provisions 1,256.67 1,162.35

Other current liabilities 17,733.12 19,900.98

Total Current Liabilities 53,102.54 60,284.87

Total Liabilities 62,979.08 68,576.77

Total Equity and Liabilities 2,29,017.53 2,34,612.37

98 LAKSHM I MACHINE WORKS LIMITED

Cash Flow Statement for the period ended 30th September 2020 l

(All amounts in INR lakhs, unless otherwise stated)

Consolldated

PARTICULARS Period ended 30th September Period ended 30th September

2020 2019

A. CASH FLOW FROM OPERATING ACTIVITIES

Profit after exceptional items but before tax (1,686.59) 3413.49

(VRS Expenses on 900.55 Lakhs(P.Y.'U09.76 Lakhs)

Adjustments for :

Depreciation and amortisation ex·pense 2,776.33 2778.88 Finance cost s 1.47 50.71

Profit on sale of assets (249.63} (522.55)

Loss on sale of assets 0.31 0.47 Interest income (2,636.66) (3,318.10)

Dividend income (6.94) (14.35) Income From Mutual Funds designated at FVTPL (372.90) (117.27)

Unrealised Loss/ (Gain) on Foreign Currency Cash and cash equiva lents (0.62) (488.64) 0.69 (1,141.52)

Operating Profit before working capital changes (2,175.23) 2290.02 2271.97

Adjustments for (increase)/ decrease in operating assets

Trade receivables 1,141.03 4,640.58 Inventories 7,236.38 3,192.49

Other financial assets-Non Current 307.51 821.67 Other financial assets- Current 3,446.55 922.32

Other Current assets 2,315.59 665.65 Adjustments for increase / (decrease) in operating liabilit ies

Trade payables (7,326.16) (2,295.75} Other non current liabilities 1,799.65 164.67

Current provisions 94.32 55.89 Other financial llabllitles 2,217.37 531.13

Ot her current liabilities (2,421.93) 8,810.31 (2,170.25) 6,528.40

Cash used in/ generated from operations 6,635.08 8,800.37

Taxes paid (400.56) (2,654.04)

Net Cash used In/generated from operations 6,234.SZ 6,146.33

B. CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed assets/Capital Work In Progress (1,117.16) (4,486.89} Proceeds f rom sale of fixed assets 418.20 326.27

Interest received 2,636.66 3318.10

Dividend received 6.94 14.35

Investment In Mutual funds and Debentures(net) (1,926.91) (2,860.23)

(lncrease}/Decrease in Bank balances not considered as cash and cash equivalent {2,486.41) (1,120.00) Net cash used in investing activities (2,468.68) (4,808.40)

99 Consolidated

PARTICULARS Period ended 30th September Period ended 30th September

2020 2019 . C. CASHFLOW FROM FINANCING ACTIVITIES

Dividends paid (1,068.30) (3,739.05) Corporat e dividend t axes paid - (768.75) Fi nance cost (1.47) (50.71) Net cash used in financing activities {1,069.77) (4,558.51)

Net increase In cash and cash equivalents (A+B+C) 2,696.07 (3,220.58)

Cash and cash equivalents at beginning of t he per iod - D 5,075.27 9,536.23

Cash and cash equivalents at end of the period - E 7,771.34 6,315.65

Net increase/ (decrease) in cash and cash equivalents (E-D) 2,696.07 (3,220.58)

Cash & Cash equivalents as per Balance Sheet 7,771.96 6,314.96 Unrealised Loss / (Gain) on Foreign Currency Cash and cash equivalents (0.62) 0.69

Cash and Cash equivalents as per Cash flow Statement 7,771.34 6,315.65

100

Notes: l The standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held

on 26.10.2020. Statutory Auditors.have carried out limited review of t he above results.

2 Exceptional items represents compensat ion towards Voluntary Retirement Scheme opt ed for by Employees

3 Figures of the previous periods regrouped/ rearranged wherever necessary.

Coimbatore 26th October, 2020

Fo, S.KR!SHNAMOORTHY & CO Chartered Accountants ,

~ K.RAGHU

Membershio No 1117R Partner